The REAL Reason for the European Super League | The Bastani Factor
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- เผยแพร่เมื่อ 2 ก.พ. 2025
- There is no future for the financialised, debt-driven model of football so adored by the Glazers and Florentino Pérez.
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Brilliant video, something none of the media want to discuss because it's already gone from the 24 hour news cycle
Not really
@@duderdude4831 epic reply mate
@@kingcobra777 np
Beautifully said Aaron. I’m not a huge football fan but my husband is, or used to be. He went to see Newcastle United as a child with his father, and continued into adulthood. He gave up his season ticket a few years ago because he hated how money obsessed football had become, and he was absolutely right. It’s just got worse and worse.
The obsession of football was always pegged to the lifestyle overall of majority Brits with zero work ethics. It’s wildly debated most citizens engage to the extreme; of their lifestyle interest lies solely on listening basically excess pop music and lifelong dedication of avidly and passionately watching football. What’s next now? that this recent topsy turvy new image is far more fraught than potentially laden prospect mired with such controversies full of avarice greedy tycoons. This pandemic has brought about a tsunami of ongoing blizzard that continue to still live carbon footprints that causes further disasters that will continue linger in the future.
@@Chodesese Nonsense. Football was formerly an affordable place of refuge for members of the working class who, by the way, were not idle and likely worked themselves into the ground. Now it's a complete mess. Being a financially stable football club is no longer admirable or necessary - you can just run into piles of debt because you know that your prestige will entice new fans all the same.
Follow the money.
As true as ever.
Ta for making sense of football. This is the most interesting I've found it.
This is actually an excellent video. Very clear explanation of recent events in simple language. Deserves far more views!
absolutely the best analysis I've seen on this topic (and there's been a lot). really well put together, too!! NM just gets better and better
In terms of Spurs, the bulk of that £500m debt is a structured debt for the stadium payable over a number of years. While they are not in great shape financially, it is not as bad as appears.
People also have to remember the financial results for the english clubs are up to june last year. Covid meant we delayed games and played them in june. The tv revenue for those games could not be reflected in the accounts as they hadn't been played yet. So they are a bit scewed.
No crowds at games and nobody going in the stores hurt a lot.
What he hasn't mentioned is that it's expected that tv rights going forward are expected to fall dramatically. France and italy have already took hits. Germany is down 5%. Bt and sky have done a deal where sky bids for the main packzge and bt for the second, amazon happy with the scraps. This could change with danz coming on the scene though. They've just spent a fortune on boxing and said they want the prem.
So this was easily the most insightful comment regarding what's going on with football just now.
Excellent explanation Aaron, thank you for making this.
Excellent video, very well stated.
We need salary caps and maximum transfers like they have in the US leagues. No other sport in the world do you have to pay tens of millions sometimes over a hundred million to sign a player on top of his wages.
To sign haaland this summer would cost over 200m when you add up his fee and wages. In the nfl the league salary cap is 220 million for a 53 man roster. In football they could spunk that on one player. Madness
There is no jeopardy in the NFL and it's run like a cartel, I think you're comparing apples with oranges here, but you're bang on otherwise
Salary caps would be illegal if legally challenged in the UK courts.
@@jimshelley8831 the rugby premiership has a salary cap
Once upon a time they did have salary caps in England and they did away with them back in the '60s. Probably at that time it was justified to do away with them, as perhaps players weren't being paid that much back in the '60s, but now the wages are obscene! I'm sick of the "financial doping" that those clubs indulge in to achieve their success, paying those ridiculous wages and running up such ludicrous debts! It's a bit like allowing athletes in the Olympics to take whatever drugs they want and clean athletes feeling under pressure to do likewise in order to compete! Yes, I know that doping happens anyway in athletics, but letting it just happen, with no attempt to stamp it out, would be totally wrong!
Best explanation i've heard so far !
I am pretty sure Murdoch had Boris's ear and told him to put a stop to it all to save his own cash cow.
Totally agree - glad it has failed but so sick of all the hypocrisy over the last week - players complaing about the pure greed of club owners - yet it is them and their agents who are bleeding the game
When people say they hate modern football, the aspects they cite usually don’t come from modernity but from greed/capitalism. Ticket prices, the tv subscriptions etc.
Fantastic explanation on this madness.
John Barnes had the answer and it’s pretty obvious. Simple answer to all of this is to introduce wage caps. No elite first team players need to earn more than £100K p/w. These £200K-£500k salaries are ridiculous. That way you can pay the top women’s team more money but no more than £50-75K p/w depending on how many games they play (currently less games than the men’s teams). Second introduce an transfer cap. All teams can’t spend over a certain limit per season. Example Man City can’t spend more than Norwich. More academy players in the first team for starters. This will ensure, lower ticket prices, lower merchandise prices and owners will have more money in the bank. That way more money can be filtered down the leagues and to grassroots football. If a team breaches the wage or transfer cap, or fails to pay their fare share to the lower leagues then they get relegated like the Saracens did in the Rugby Union Premiership, where none of the players (all of them international superstars) left and will stay with the club in the championship. 🙂
I'd prefer more of a per-club cap where no club is allowed to spend more than X amount on player wages, but yes, salary caps is a big part of the solution. Not holding my breath that they'll be introduced anytime soon though with the ridiculous amount of power and influence which agents have in football.
You know if this proposal went through, they would continue to spend freely and escalate the debt further. So this won't change the debt situation, it will just increase the gap between those in the ESL and the other clubs in the respective leagues
Yup
Very good video mate
Absolutely, football fans should be the stake holders of the clubs, simply because for us, it's about uncompromising loyalty, passion and devotion for them and nothing else. And with many putting, probably too much of there valuable time into them, it would only be right that they should be entitled to be a bigger say in what goes on with these clubs along the lines of the German clubs you mentioned.
Erm. Football fans are the owners of madrid and barca. Didn't stop them wanting to join.
@@lilbaz8732 Not really. The fan ownership in Real Madrid and Barcelona isn't close to compared to the German clubs.
@@Agee1 the point is the presidents of barca and madrid tell the fans what they want to hear to get elected. I'll buy you this player if you elect me. The fans swallow it every time cause they couldn't give a f about the financial status of the club. So they end up in a mess.
If two giant clubs can get into this amount of trouble imagine what will happen to the smaller english clubs? Nobody will come in to bail them out and buy the club.
Just have a fan on the board to keep transparency and let the supporters thoughts be heard. That's enough.
@@lilbaz8732
Because you are comparing a fan ownership that's not remotely similar to 50+1 rule
One thing you didn't mention is the unsustainable costs involved in running a club, there's a reason these clubs were in so much debt in the first place
Is it the upkeep of the grounds and paying cleaners or paying millions a week in player wages?
@@Sassssky think you may have missed the shareholders taking their cut in your criticism. Bit of a large omission wouldn't you say?
@@tarlokmann3981 I assumed a company in 500m debt would freeze dividends. Lmao I was wrong. They borrowed more to fund dividend payments. But the top 2 earning players still made more than the total dividends.
Great analysis and useful for someone who doesn't follow football.
Where is this going to end, however?
Is there a hope that football still return to some lost golden age?
Good summary, but I feel it misses a part of the picture. Aaron says that the "business" model of football ownership emerged roughly 20 years ago, which, not-so-coincidentally was just after UEFA expanded the Champion's league. Some clubs, like United and Arsenal managed to become much wealthier from feeding from the CL trough, while other clubs, like Leeds and Chelsea, bankrupted themselves chasing the CL money (the latter only being saved by the intervention of Abramovich). The point is, UEFA are very far from being blameless in this mess. Also, Barcelona are fan-owned and also in massive debt, so while fan-ownership is definitely a step in the right direction let's not start thinking it's some sort of magic bullet. The real problem is money in football and it's unequal distribution, and that's not something that's going away anytime soon.
The issues are the fans could put the board into a rock and hard space if they have the budget for Messi as long as the stadium can have an audience of tens of thousands, but the Camp Nou is falling apart and can't host fans due to pandemic.
He's talking crap. The business model has been around since professional football started.
The local publican, brewer, funeral director, baker etc. etc. put up the money to pay players and build a rudimentary stadium and hey presto! professional football was born.
If he needed to, the club owner would go to his bank and borrow to build a fancy new stand or pay for a couple of top players.
There's nothing new about pro football today, other than the size of the numbers.
@@CoherentChimp Now the numbers have reach sizes not even billionaires can sustain over a long term period without well... hoping there's no pandemic or being a Emirati princeling.
Excellent breakdown 👏
Terrific journalism, as per usual.
Thanks Pete!
Brilliant mate.
Historic clubs who have won multiple European cups between them... And Spurs and Arsenal.
And Man City
In the last few years, UEFA has returned 90% of its revenues in support of local clubs and national leagues. This information is not sufficiently known. In the Super League, all profits would only flow between the founding fund and a few clubs.
The project was not a bailout. It was access to bank loans from JP Morgan to the tune of 300m each. Man United debt equivalent of a loan to value which equals around 20% mortgage. The Glazers without out doubt held the club back. Spurs, Real, Barca are on another level of indebtedness. The scheme has hallmarks of late stage capitalism of USA
John Barnes on talk sport and this are the best break downs by far!!
Well said! Just wait until all we fans get back in the ground and make our voices heard.
Top notch explanation!
Football has had a big problem coming for quite some time. The overexposure of football, particularly the Premier League, driven by media interest creates this environment for overspending with the expectation that success will necessarily follow. And fans are part of this problem too. There is definitely a sense of entitlement that fans of certain supposedly "big clubs" have that their clubs should be winning titles and trophies every year that promotes the overspending on players and wages, funded by unsustainable means. But only one team can be champions, and you have to accept that success is not guaranteed ever. Man Utd are considered a big club, but in reality have had only 2 periods of sustained success under 2 managers. Before 1993 they had not been English champions for 26 years. Liverpool waited 30 years. Football clubs, the media circus that surrounds and promotes the game, and ultimately the fans, need a reality check sometimes.
Given the timeline and the timing and how quickly the ESL capitulated after only 2/3 days makes me suspect that this was a false flag operation with political undertones .
Football is living beyond it’s means,and has been for some time.
Very welll explained
I'm sorry dude, but this was a brilliant reveal behind the real reasons behind the SL, it all makes perfect sense, to me at least. Great job!
Brilliant reveal? Really? British media must be bad at its job.
In italy basically all sport commentators have been talking about debt being the main reason for the SL from the first minute it was proposed.
@@pansepot1490 British media must be bad at its job.
Well, yes.
The difference between Novara and a lot of other outlets is not just the politics, but also the quality. British society is pretty nepotistic, so even the people that end up working in journalism through talent generally end up being edited by idiots.
For example, Boris Johnson was an editor - and while I'm sure he's an extreme example, he has the defining feature of the english elite - he combines a CV that comes out of leveraging class power, with the belief that he got where he is by being superior to others.
I think the second part is worse than the first, because it makes editors avoid depth, complexity, or nuance, because they feel that other people are less capable of grasping these things than they are themselves. Which would be fine if they were subject-matter experts or exceptionally talented or whatever, but since they are just average people who don't really put in the work, british journalism tends to be pretty weak.
Yes. It's the neoliberal model applied to football. But it's got its grip on a lot more than sport.
the sportings worlds answer to Change UK was this leauge
I don’t understand how this is a debt crisis when the biggest borrower is Spurs with £1/2bn, yet you have companies like Cineworld that have £6bn debt? How is Cineworld’s debt sustainable, yet somehow football is in Crisis?
@Ed Well I haven't seen any videos talking about the "Cineworld debt crisis", have you?
One of the very few videos explaining why and not just going REEEEEEEEEEEEE
get john barnes on for an interview! he's been sounding suspiciously like a socialist recently..
Been going on for years,wondered when it would come back and bite them?all EPL clubs are guilty of overspending and underachieving,happy to survive with no asperations of winning
Real Madrid have a history of financial doping. In the nineties the Spanish government financially helped them. Schalke have just been relegated. The German model still allows badly run clubs.
therefore, it will not happen. It runs against the interests of the Glazers, so it won't happen.
sir John Hall what a man.
There is debt and then there is debt. Chelsea owe abramovich £1.3bn. He's not charging interest and is in no rush to get it back.
Spurs is mostly for the stadium and has to be paid back over the next 30 years with very low interest.
Barca on the other hand owe €126m in wages the players deferred and owe the bank €250m. These bothe have to be paid by june 30th.
Italian footballs new tv deal is a lot less than the old one.
great insight that
Very interesting vid thanks. Seems all the more likely it will happen at some point, especially if it is actually the new "league" itself that is borrowing billions to "lend" to its participant clubs/businesses before a ball has been kicked. If the Super League (or their next variation) is successful then the debt isn't an issue as the annual income stream pays it off, but if the Super League fails then it goes bust owing banks billions and I bet the participant clubs never have to give back their "loans"?
Spurs debt is insane. Surely they will sell Kane to fund that?
I am a capitalist and I think the way some of these clubs are run is obscene. Running hundreds of millions of dollars in the red is not capitalism as I know it. It's debtism.
Socialism will pay the debt.
Just needs to be framed as saving the club for the people.
IMHO.
"ignore the PR guff" fantastic
Business is about money
Why the surprise?
God Save our Prolefeed!
All the big teams and Spurs
12:00 I will give this guy a break because he's young and has NO EXPERIENCE with the subject he is discussing here! The replacement of Sports with Financial Business Interests is as old as GAMBLING itself! Throwing Boxing matches or Horse Races has even been portrayed in Hollywood Movies! I was a young child in the 1950's but I understood what my father was telling me when I asked him why the New York Yankees always won the Pennant. Buying the best players was a violation of the sporting ethic in my young mind and I NEVER took sports seriously after that! And the rest of you shouldn't either! I don't know if this "journalist" is capable of these kind of insights or not, but I am offended that he has the nerve to claim that this phenomenon is new! It is not! It is as old as the the devious criminal mind! It is what used to be called a confidence swindal in the old days. Today it goes by many fancy names like leveraged buy-out or asset relocation, all of which do not hide the nefarious nature of the theft in broad daylight that it represents! Corruption is corruption regardless of whether or not morals and laws have been changed to make it legal. All of us should be sickened at the thought of buying into the delusion of "Sports" as something that is real or honest in any sense at all! So buy your ticket, watch the game and remember that the men behind the glass are smoking their cigars and laughing at you!
11:10 SHEARER! SHEARER! SHEARER!
You don't say. The bubble is bursting.
Barcelona is majority owned by the fans
It is time that those clubs are selling their most costly players to get some more money in the bank. The Uefa needs to put those clibs under pressure to do that.
Aren't barca and real Madrid owned by fans? And yet they are the most enthusiastic about this ESL.
Yeah. The problem with people with far left ideologies is that they ignore the chasm between an idea and its real life application.
What sounds good in principle often turns out yielding very poor, if not opposite, results in practice.
I am not saying there’s no merit in the idea, just that it takes the hell of a lot of adaptation and fine tuning to make it work as intended.
In comparison to the German clubs, Real Madrid and Barcelona fan ownership has limits to what the fans can actually decide on the future
The German model works much better
We all know what happened to British manufacturing when financialization capitalism took over. "GREED is good " ethos is taking football
The Norwich Model!
Who cares? Football in the UK died when Sky bankrolled the Premier super league in 92.
Game over
Empty stadiums show up the lack of quality in the 'product'.
Yawn
Turned tv off.
cut costs and implement a form of FFP aimed at PSG, City and Chelsea
Let them go bankrupt
"the survival of manchester united depends on the super League" absolute nonsense. You clearly have no understanding of the revenue man utd generates annually.
The Glazers have raped Manchester Utd
Players wages is where you find greed demanding weekly wages as high as an ordinary fan might earn for 10 years of work . Top Players should just shut up .they may like football but they like money more ; just a bunch of mercenaries . Clubs on the other hand are commercial enterprise I. e businesses must make money or won't survive .___ I noone question the scandalous wages paid to people kicking a ball around __the game itself would strive all the same in having lower
clubs if need be __that would be the real football community __all that aside a new super league has been on the pipeline for several years we all knew about it why the football authorities did not challenge that proposal as soon it came out ? iincompetents at the highest level
How about another Real Reason - cos it's still the Fans that are shortchanged here. PreBrexit Fans moved around to watch football in Europe - with UK out of EU Fans would have to cough out extra travel expenses to obtain Visa to go watch their favourite Team play!
Thanks for the perfect political economy of ESL!
Fan ownership is the way forward. Look at AFC wimbledon
take time to re-tell how they ruined the spanish fanclub Atletico, pliis.
Football isn't the only industry which needs to change in this way; we need a massive shift towards industries being democratically owned by the people within the industries and the communities they serve
Basically, the debt some of these clubs is their own fault. The huge amount of debt was there before the pandemic. The pandemic just revealed how bad they have been running. I'm glad this didn't go ahead. They wouldn't go without a fight.
Some of these teams would break even if a pandemic didn't well... make it unsafe to have attendance as full as it used to be.
Only here to say hi, not watched the vid yet. Cheers, Matt
Run your business better 🤷♂️ and you wouldn't have so much debt
Your audio needs compressing
Complete nonsense. I work in corporate finance. There’s two ways to finance any company, debt or finance. Debt is actually cheaper because of what is called the tax shield - interest is paid before tax, dividends after tax. As long as you can pay the interest debt is cheaper therefore and not a major issue.
So, it's bad business management.